Question: Park B: (4 marks) In setting up its systems to apply AASB 136 Impairment of Assets, management of Terry Ltd wants to know how often

Park B: (4 marks) In setting up its systems to apply AASB 136 Impairment of Assets, management of Terry Ltd wants to know how often the company needs to apply an impairment test on its assets, and what information it needs to generate to determine whether a test is needed. Required Explain to the management: how often the company needs to apply an impairment test on its assets. (2 marks) what information it needs to generate to determine whether a test is needed. (2 marks)

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